Polygon is the eleventh greatest cryptocurrency on the planet – it actually wants no introduction. Thought of by many because the flagship Layer 2, it helps resolve a fairly large downside – that Ethereum is a tricky cryptocurrency to make use of.
Even Vitalik has stated that the long run is a roll-up financial system, with Ethereum as a Layer 1, with initiatives comparable to Polygon proper there in order that common individuals can, you understand, truly use it – with out taking a mortgage out to pay for fuel charges.
I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to talk all issues DeFi and Polygon. We bounced round lots, however coated on nice subjects.
We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up know-how, which Polygon introduced final week had gone stay in testnet kind, thrilling many across the business.
It was additionally powerful to keep away from the Reddit Polygon craze this has been ongoing because the weekend, with the large NFT assortment hovering to achieve over three million customers on the social media web site. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, after all.
We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “short-term worth locked” given its transience, and the way the status of the business took a success this previous 12 months as CeFi went beneath – regardless of DeFi trucking alongside so easily.
I obtained my favorite line in there as all the time – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he considered fuel charges, and whether or not it would ever be solved. And in that case, what does a future appear like for Polygon?
— Dan Ashmore (@DanniiAshmore) October 27, 2022
I additionally put the query to Hamzah in regards to the centralisation of DeFi. With a lot of the area working on centralised stablecoins (even Vitalik stated not too long ago that Tether, Circle and different suppliers may affect the route of future Ethereum forks), is without doubt one of the pillars of DeFi being compromised? And extra apparently, does it have it to be, or is there an alternate?
We dance round these and plenty of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what position Polygon may play sooner or later.
As all the time, I’m open to feedback both right here or on Twitter – and hyperlinks to pay attention are beneath.
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